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#CEXvsDEX101 Centralized Exchanges (CEXs) are platforms like Binance or Coinbase, where a company manages user assets, offering fast trades, high liquidity, and customer support. However, users must trust the platform with their funds and data. Decentralized Exchanges (DEXs), like Uniswap or PancakeSwap, run on blockchain tech, allowing peer-to-peer trading without intermediaries. Users maintain control of their assets but face slower speeds, lower liquidity, and limited support. CEXs are user-friendly and regulated; DEXs offer privacy and decentralization. Choosing between them depends on your priorities: convenience and speed (CEX) or privacy and control (DEX). Know your needs before you trade!
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